136 E 56th St APT 7E, New York, NY, 10022 | $3,951/mo Cash Flow

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136 E 56th St APT 7E, New York, NY, 10022 | $3,951/mo Cash Flow | Ziffy

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New York at 136 E 56th St APT 7E, New York, NY, 10022 earns $3,951/mo cash flow from $8,690/mo rent with a $2,447/mo payment. Total monthly income totals $8,690/mo, and annual cash flow totals $47,416/yr on $165,750 capital. ROI tracks 48.52% on current figures, and rental yield reads 20.86% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 260.57% and total cumulative return in cash sums $431,900. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,690/mo property income instead of your personal income.

Condo

Built in 1962

N/A lot

$N/A/sqft

$1,400 monthly HOA

More details about the property

JUST REDUCED! Welcome to your UPDATED JR. 1-BEDROOM in the heart of Manhattan with beautiful EASTERN LIGHT! The expansive living area affords enough space to accommodate both living room and dining room, and there is an abundance of closet space, including a coveted walk-in closet and oversized entry closet. The separate bedroom area with sliding doors comfortably fits a Queen-sized bed with two additional closets and a stylishly updated bathroom. The smart kitchen with full-sized appliances includes a built-in microwave, tasteful white cabinetry and updated backsplash. Space, serenity, a flexible layout and lovely hardwood floors complete this outstanding offering! Plus, a washer/dryer is permitted with Board approval. Do not miss this TRULY UNIQUE FIND in the center of Manhattan with Whole Foods Market and Central Park just blocks away. Located off of Park Avenue, this neighborhood is a residential and business hub for some of the top financial companies in the world, as well as a cultural destination with top art auction houses and Michelin-starred restaurants just up the street. This wonderful home is ideally located in a white-glove Coop with a recently unveiled limestone faade and elegant, and beautifully renovated new hallways and lobby! Additional amenities include 24-hour doorman, superior staff, on-site garage (with a reduced rate for residents) and storage space. Liberal policies include 80% financing, Pied-a-terre, Gifting and Co-Purchasing allowed, as well as Sublets upon approval. The central location just off of Park Avenue is now more desirable than ever as homeowners appreciate the ease of access to all amenities - a dining and shopping destination, only blocks to all major subways, Bloomingdales and Whole Foods Market. Please contact the SELLER'S AGENT for a private appointment at your convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078